The current regular unleaded gas price average across Michigan is now up to $3.029 per gallon. Recently, the August futures for a barrel of light sweet crude went as high as $75.78. Analysts are predicting $80 per barrel of oil at some point in 2007. They base this on past history of a barrel of oil increasing about $10 per year. Who knows what that will do to gas prices here in Michigan? They certainly will not decrease.
One year ago at this time Michigan gas prices had crept up to $2.361.
Gas price data courtesy of AAA's Fuel Gauge Report.